Hytera Communications files Chapter 11 plan, seeks exclusivity extension

By Sarah Lizee

Olympia, Wash., July 16 – Hytera Communications America (West), Inc. filed a Chapter 11 plan of liquidation and related disclosure statement on Thursday with the U.S. Bankruptcy Court for the Central District of California.

The plan provides for the establishment of a liquidation trust in order to analyze and pursue all causes of action, resolving all administrative expense claims, professional fee claims and other claims, and making all distributions provided for under the plan.

Holders of administration expense claims, professional fee claims and priority tax claims will receive cash in an amount equal to the unpaid amount of their claims.

Holders of other priority claims and secured tax claims will receive payment in cash in full.

Holders of secured claims will receive, at the election of the liquidation trustee, the collateral in which holders have a security interest, any net proceeds received from the sale or disposition of the collateral, cash, or other treatment that would leave the claims unimpaired.

Holders of general unsecured claims will receive its pro rata share of the distributable cash.

Interests will be canceled with no distribution to holders.

In addition to filing the plan, the company is seeking another extension of its exclusive periods for filing and soliciting votes on a plan.

Specifically, the company asked the court to extend the plan filing period through Nov. 26 from Aug. 9 and the solicitation period through Jan. 26, 2022 from Oct. 8.

Hytera is an Irvine, Calif.-based communications company. The company filed bankruptcy on May 26, 2020 under Chapter 11 case number 20-11507.

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